Stamp duty will be replaced with CGT on all sales...
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The Official Budget 2021 thread
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Originally posted by Whorty View Post
It does show though how stamp duty has such an influence on the housing market. It certainly needs to be reformed, whether that be with the talked about yearly 'property value tax' or switching so that the seller and not the buyer pays stamp duty.Comment
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Originally posted by AtW View PostIf it’s advantageous to the mover then Treasury wants their cut...
Think of the new furniture purchases, kitchens , bathrooms, other decorations, flooring etc that people purchase which has VAT on them."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostThe Treasury does get its cut when home owners move from one property to another.
Think of the new furniture purchases, kitchens , bathrooms, other decorations, flooring etc that people purchase which has VAT on them.
”Stamp duty” is really “VAT” on house purchases, only worse in that it is charged multiple times, and this can be deemed as proxy for lack of CGT on main house sales.Comment
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This is about time ....
Contactless payment limit to rise to £100I am what I drink, and I'm a bitter manComment
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Originally posted by AtW View PostStamp duty will be replaced with CGT on all sales...I am what I drink, and I'm a bitter manComment
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Originally posted by AtW View PostCash to be banned in 2031...I am what I drink, and I'm a bitter manComment
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